People living outside of the more populated areas of Australia will have face-to-face banking services continue for the next two years under an agreement just reached between the banks and the federal government.
Between 2017 and 2024, the number of bank branches nationwide fell by over 2,300, or 41 percent. But for people living in areas of Australia classified as “remote” or “very remote,” the withdrawal of banking services hits doubly hard since there were so few to begin with.
